On May 7, 2024, Robert Engel, Director of Heartland Financial USA Inc. (NASDAQ:HTLF), sold 7,600 shares of the company’s stock. This transaction has been filed with his SEC and details can be found through his SEC filing.
Heartland Financial USA Inc (NASDAQ:HTLF) is a financial services company providing banking, mortgage, investment, insurance and wealth management services. The company operates through a network of banks and financial services companies throughout the United States.
Heartland Financial USA Inc.’s insider trading history after this transaction shows a pattern of more insider buying than selling over the past year, with only six insider buying and one insider selling.
In terms of valuation, Heartland Financial USA Inc. was trading at $25.26 on the day. This pricing gives the company a market capitalization of approximately $1.87 billion. The company’s price-to-earnings ratio is 26.34, which is higher than both the industry median and the company’s historical median.
Heartland Financial USA Inc’s GF Value is estimated at $41.44, with a Price to GF Value ratio of 0.61 suggesting the stock is fairly valued.
GF Value is calculated by considering historical trading multiples, adjustment factors based on past earnings and growth, and future earnings forecasts provided by Morningstar analysts.
This sale by Director Robert Engel is a notable insider transaction for Heartland Financial USA, Inc. and reflects ongoing financial activity within the company’s management team.
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This article first appeared on GuruFocus.
